N Srinivasan has been sacked as (International Cricket Council) ICC Chairman today. The decision was taken by the Board for Cricket Council in India (BCCI) during their 86th Annual General Meeting. The decision was taken to recall him and nominate the newly elected BCCI President Shashank Manohar as the Chief of the International Cricket association
The BCCI Working Committee on Sunday announced the exit of PepsiCo as the title sponsor. Chinese mobile phone brand Vivo will take its place for the next two years. Though BCCI has not disclosed the deal amount with Vivo, the new deal is said to be worth Rs. 100 crore per year.
The title sponsor for IPL, PepsiCo, sent a notice to the BCCI last week expressing its interest to terminate the association with the league. The decision by Pepsi also gives way to other sponsors to introspect their association and could also result in them exiting too
Pursuant to disputes that arose between Nimbus and BCCI in late 2011, arising out of 3 separate contracts; 3 separate arbitration proceedings were commenced. This was in relation to supply of equipment and technical services. The total amount including principal amount, interest and costs was around Rs 10 crore
The rights on offer include sponsor branding of the relevant series with the title sponsor logo, official designation as the “Title Sponsor” of the relevant International or Domestic Series, visibility at the stadium during both international & domestic matches, broadcast sponsorship rights, and a host of other rights